Oceanteam strategy


Oceanteam’s mission is to create maximum value for its clients worldwide

We operate in different markets and geographical areas, combining engineering know-how and a pool of special-purpose equipment with our fleet of large and advanced offshore vessels. This enables us to deliver complex offshore support (cable, pipeline and umbilical installations, transportation and storage projects) as a single service (one-stop shop).
We establish strong (local) partnerships and strategic alliances. Our ambition is to be a preferred partner in offshore solutions for economically and technically challenging projects in the oil and gas as well as offshore renewables industries.
Oceanteam has a disciplined financial strategy. We have long-term relationships with our banks and apply diverse sources of financing, avoiding high-yield bonds as much as possible. We continually work to improve our credit rating and reduce the cost of our capital.

Mar 01 2023 The Board of Directors of Oceanteam ASA ("Oceanteam" or "Company") today announce that it has appointed Michael Timson as Interim Chief Executive Officer (“CEO”) of Oceanteam with effect from 1 March 2023.